Energy

NGA Invites Stakeholders To Attend 3-Day Training On Fundamentals Of Natural Gas Value Chain Contracts & Finance

Published

1 year ago

August 23, 2022

Business Echo Magazine

NGA Invites Stakeholders To Attend 3-Day Training On Fundamentals Of Natural Gas Value Chain Contracts & Finance

Theme: “Fundamentals of Natural Gas Value Chain Contracts & Finance”

Olushola Okunlade Writes

The Nigerian Gas Association (NGA) has announced to train stakeholders on a three-day virtual learning solutions event series on “Fundamentals of Natural Gas Value Chain Contracts & Finance”.

The program will be a virtual classroom, instructor lead with presentations and discussion sessions. The PowerPoint presentations will include Illustrations, Sketches & Diagrams, and Applicable Data & Statistics with applicable case studies. The event will be recorded to allow for on-demand online access by participants at their convenience.

NGA Learning Solutions is a certificated course/training program with the objective to provide a comprehensive insight into the Nigerian gas sector and enable participants to develop a greater understanding, interest, and appreciation of the Nigerian Gas Industry Value Chain.

With the years 2021 – 2030 declared as Nigeria’s Decade of Gas; and in light of global changes occasioned by the pandemic and the energy transition; the stage is set for a season of unprecedented growth, value addition, and change in the Nigerian Gas Industry Value Chain. The objective of the program is to facilitate delegates’ understanding of the commercial, financial and legal features of Gas Contracts (including but not limited to Natural Gas, Liquefied Natural Gas, Natural Gas Liquids, and Compressed Natural Gas, Liquefied Petroleum Gas, etc).

Nigerian Gas Association (NGA) is pleased to invite you to attend a three-day training event titled “Fundamentals of Natural Gas Value Chain Contracts and Finance”.

The three-day virtual event will hold between August 30, 31, and 01 September 2022. It will consist of several in-depth modules to be delivered by industry experts, with attendee interaction and question and answer segments, lasting from 9:00 am to 5:00 pm each day.

The event will also be recorded for attendees who are unable to attend live to watch at their convenience.

Executive Secretary of the Nigerian Gas Association, Taji Ogbe stated that “This program will share the ideologies, approaches, and considerations utilised in developing gas projects, negotiating contracts, and financing gas projects. It explores and explains the principles and tactics which have been proven to be best practices in high-value and complex gas negotiations locally and globally. The course will provide delegates the opportunity to examine the regulatory, commercial, and technical aspects of the natural gas value chain in Nigeria and beyond.

“At the end of the course, Delegates will gain the knowledge and understanding of the different types of agreements that are in common use in the gas industry. They will become familiar with the general contract terms (commercial/fiscal and legal terms) that are encountered in most gas industry contractsLearn about dealing with disputes in gas contracts.

Delegates will recognise the importance of risk identification and allocation and become familiar with the key considerations for the successful negotiation of gas contracts to ensure a bankable project Analyse the critical legal and commercial/financial issues arising from each gas contract.

Delegates will understand the principles of project finance and lender requirements in gas projects and will understand some of the fiscal and legal challenges with gas contracts.

The event will hold over three days from 30 Aug – 01 Sep 2022. It will consist of up to fifteen in-depth modules delivered by industry subject matter experts, with attendee interaction and question & answer segments, lasting from 09:00 am– 05:00 pm each day.

Location: Zoom Cloud Platform
Date: Tuesday, August 30 – Thursday, September 01, 2022
Time: 09:00-1700 daily
Duration: Course duration is 3 days, consisting of a morning and afternoon session each day, with a total of approximately 21 hours of course delivery over the three days.

The event will be recorded for attendees who are unable to attend live to watch later at their convenience. The course fee is ₦90,000 per attendee (NGA Associate Members) and ₦120,000 per attendee (Non-NGA Members).

Courses Available are Understanding Natural Gas and its Components (LNG, LPG, NGL, CNG, GTL, Condensate) Exploring Gas Industry Engineering Procurement Construction and Management Contracts, Gas Contractual framework Across the Gas Value Chain (Midstream and Downstream)Project finance risks, and general considerations, Gas Value Chain Regulatory Framework in light of the PIAUpstream Gas ContractsVirtual Pipeline Value Chain Agreements, Nigerian Gas Transportation Network Code International Financing Dynamics for the Natural Gas Value Chain in Nigeria, Gas Processing AgreementsGas Sale, Purchase & Aggregation AgreementsGas Transport & Charter Party Agreements, Gas to Power Value Chain ContractsProject Finance from a Bank PerspectiveProject Finance from an Operational Perspective.

Event Facilitators & Speakers: Kola Olutomilayo, Chief Counsel, First Solicitors; Nosa Osazuwa Partner, ENR Advisory; Adejoke Ajaero, Gas Commercial Manager, Seplat Energy Plc; Kike Asuelime GM Commercial, Anoh Gas Processing Company Ltd; Anthony Ezeamama Associate Partner, Detail Commercial Solicitors; Sina Sipasi Partner, Energy & Finance, ÆLEX; Mojisola Iyamabo Associate Vice President, Gas Business, Heirs Oil & Gas; Chidinma Anyanwu Ship Chartering, Nigeria LNG (NLNG); Tuoyo Ejueyitchie General Counsel & Company Secretary, Axxela Ltd; Chukwuemeka Osuji Director (Oil & Gas); Olaniwun Ajayi LP; Ivie Ehanmo Partner, Energy & Infrastructure; George Etomi & Partners; Ifure Udofa Associate, Templars; Kufreobong Medo Legal Counsel (Commercial), Gas Aggregation Company of Nigeria Ltd (GACN).

Who Should Attend: C-Suite/Midlevel staff of Companies in Upstream, Midstream, and Downstream Gas business, and relevant financial institutions including but not limited to the following: Lawyers/Legal Advisers, Accountants/Financial Advisers/Chief Financial Officers, Commercial Officers, Senior team members of Oil and Gas Desks of Banks and other financial institutions, Legislative aides, Procurement Managers/Project Managers, Contract Managers, Contract Analysts, Contract Engineers, Contractors and Subcontractors to the Oil & Gas industry, Contract Managers, Commercial Officers and Project Managers of Government Agencies involved in the gas business.

Government Regulators/Policy Makers/Officials for Gas/Petroleum Industry professionals who seek to deepen their knowledge of the natural gas industry value chain with respect to developing and financing gas projects.

View/download Event Programme here
View/download Event Brochure here

Related Topics:#energy #gas #NGA #oil&gas #OilandGas #oilandgascompanies

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Shell Announces Executive Committee Change

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August 29, 2023

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Rashidat Okunlade Writes

Ronan Cassidy, Shell plc’s Chief Human Resources and Corporate Officer, will step down with effect from 31 December 2023, and leave Group service thereafter.

Rachel Solway, currently Executive Vice President, Human Resources Organisation Development & Learning, will succeed Ronan with effect from 1 January 2024 and will be based in London.

Shell CEO Wael Sawan said: “I’d like to thank Ronan for his 35 years of distinguished service to Shell. In his eight years on the Executive Committee, Ronan has helped steer us through transformational change and several exceptional events, including the Covid-19 pandemic, with wisdom, integrity, and foresight. He has championed employee engagement, ethical leadership diversity, equity, and inclusion, and will leave having helped change Shell for the better.

“Rachel will bring a deep commitment to performance culture, and great energy and care for people, to this role. As we deliver more value with fewer emissions in the coming years, through a focus on performance, discipline, and simplification, Rachel will help us collectively realise Shell’s full potential.”

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NLNG Visits President Tinubu To Deepen Collaboration, Ease Of Doing Business

Published

1 month ago

August 23, 2023

Business Echo Magazine

NLNG Visits President Tinubu To Deepen Collaboration, Ease Of Doing Business

The Board of Directors and Management of Nigeria LNG Limited paid a courtesy visit to the President of the Federal Republic of Nigeria, His Excellency, President Bola Ahmed Tinubu, at the Presidential Villa in Abuja.

During the visit, Chairman, NLNG Board, HRM King Edmund Daukoru, CON, expressed profound gratitude to President Tinubu for his unwavering support in bolstering Nigeria’s position in the global energy landscape. He acknowledged the crucial role NLNG has played in Nigeria’s economy, noting the need for government support in resolving some challenges the Company is presently facing.

Speaking at the visit, the MD/CEO of Nigeria LNG Limited, Dr. Philip Mshelbila, stated that since inception, NLNG has contributed enormous revenue to the government through dividends and taxes, noting that the FIRS declared the Company as the largest tax-paying Company in 2022.

Mshelbila also emphasised that NLNG’s Domestic LPG (DLPG) Scheme has guaranteed LPG supply, availability, and affordability and has also stimulated the development of different parts of the DLPG value chain in Nigeria, with 100% of produced LPG volumes from NLNG dedicated to the domestic market, supplying about 40% of Nigeria’s domestic LPG demand.

He stressed that challenges around pipeline vandalisation have constrained NLNG’s production with consequent loss of revenue to the government. Besides, multiple taxation from various government agencies and the Finance Act, which is being amended yearly, distorts corporate planning and puts business on the back foot, stifling investor confidence and investment opportunities in the sector.

President Tinubu, in his response, thanked NLNG for the visit and commended NLNG for its steadfast commitment to excellence and immense contributions to the GDP, acknowledging the critical role the Company plays in Nigeria’s economy.

Tinubu affirmed the importance of Gas not just as a transition fuel but also as the fuel for the future, assuring that the Gas Sector would get priority attention in this administration. He assured the Board that all encumbrances to the progress and development of Nigeria’s industrial citizens as well as any further impediment to the business practice in the oil and gas sector would be swiftly removed.

President Tinubu emphasised that for the oil and gas industry to thrive, all stakeholders in the value chain, especially the host communities, need to be engaged and carried along to enable the government to build confidence and trust. He urged the Board and Management of NLNG to continue to collaborate with the government to ensure that issues can be resolved quickly and efficiently while reiterating his administration’s commitment to ensuring that businesses thrive to generate economic prosperity and sustainable development.

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NLNG Plant Is Not Shut Down, Report Is False And Misleading

Published

1 month ago

August 19, 2023

Business Echo Magazine

Rashidat Okunlade Writes

The Nigeria Liquefied Natural Gas Limited (NLNG) has stated that the operation at its plant on Bonny Island is ongoing, despite a Force Majeure that is still in effect.

It said that the Force Majeure, caused by the unavailability of major liquids evacuation pipelines, was due to acts of sabotage and vandalism and had not halted the overall operations of the company.

The company’s attention was drawn to a report on 17th August 2023 titled “NLNG prolonged shutdown threatens gas production,” published in one of the national newspapers.

NLNG General Manager, External Relations and Sustainable Development, Mr Andy Odeh, disclosed this in a statement on Friday 18 August 2023.

“Nigeria LNG Limited (NLNG) states that the report is false and misleading.”

“NLNG reiterates that operation at its plant on Bonny Island is still active despite a Force Majeure, which still subsists due to the unavailability of upstream gas suppliers’ major liquids evacuation pipelines occasioned by sabotage and vandalism.

“The plant continues to produce LNG and LPG commensurate to the feed gas it receives from its upstream gas suppliers. Its cargo loading operation also continues without interruption. The latest cargo from the Bonny plant sailed on 17^th August 2023 to the St. Croix, U.S. Virgin Islands, carrying 140,000 M3 of LNG.

“NLNG remains committed to collaborating with key stakeholders to minimise the impact of the consequent gas supply shortage.